New Jersey Assembly Passes Bill that Takes Step Toward Treating Gold and Silver as Money

the New Jersey Assembly unanimously passed a bill that would exempt gold and silver bullion coins from state sales and use taxes.

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New Jersey Assembly Committee Passes Bill that Takes Step Toward Treating Gold and Silver as Money

The legislation would exempt the sale of investment metal bullion and investment coins from the state sales and use tax.

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Signed as Law: Connecticut Eliminates State Conformity with IRS Section 280E for Marijuana Businesses

Provisions in the bill also decouple the state tax code from federal law as it applies to deductions for marijuana businesses. In effect, the new law allows marijuana businesses in Connecticut to take tax deductions on their state returns that they’re currently prohibited from utilizing.

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Signed as Law: Illinois Eliminates State Conformity with IRS Section 280E for Marijuana Businesses

Provisions in the budget bill decouple the state tax code from federal tax code as it applies to deductions for marijuana businesses. In effect, the changes will allow marijuana businesses in Illinois to take tax deductions on their state returns that they’re currently prohibited from utilizing.

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To the Governor: Connecticut Bill Would Eliminate State Conformity with IRS Section 280E for Marijuana Businesses

the Connecticut Senate gave final approval to a bill that includes provisions that would eliminate the state’s conformity with Internal Revenue Code (IRC) Section 280E. The enactment of this provision would represent a small, but important state tax relief for marijuana businesses despite ongoing federal cannabis prohibition.

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To the Governor: Illinois Bill Would Eliminate State Conformity with IRS Section 280E for Marijuana Businesses

Last week, the Illinois House gave final approval to a bill that includes provisions that would eliminate the state’s conformity with Internal Revenue Code (IRC) Section 280E. The enactment of this provision would represent a small, but important state tax relief for marijuana businesses despite ongoing federal cannabis prohibition.

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Maine Senate Passes Bill to Remove Sales Tax from Gold and Silver Bullion

The legislation would exempt the sale of gold and silver coins and bullion from the state sales and use tax effective Jan. 1, 2024.

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Maine Committee Approves Bill That Would Take Step Toward Treating Gold and Silver as Money

The legislation would exempt the sale of gold and silver coins and bullion from the state sales and use tax effective Jan. 1, 2024.

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New Jersey Bill Would Take Small Step Toward Treating Gold and Silver as Money

A bill introduced in the New Jersey Assembly would exempt gold and silver bullion coins from state sales and use taxes.

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Treasury Secretary Battle: Gallatin vs Yellen (and everyone else?)

They sure don’t make Secretaries of the Treasury like they used to. That becomes obvious the moment you compare the views of Albert Gallatin - who served under both Thomas Jefferson and James Madison - vs Janet Yellen - or anyone else in modern times, for that matter.

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